Royal Bank of Canada reissued their outperform rating on shares of Ashtead Group (LON:AHT) in a report issued on Thursday. Royal Bank of Canada currently has a GBX 2,400 ($32.30) price target on the stock.

Several other research firms have also weighed in on AHT. Citigroup reiterated a buy rating and issued a GBX 2,000 ($26.92) price objective on shares of Ashtead Group in a research note on Monday, October 30th. Barclays reiterated an overweight rating and issued a GBX 1,867 ($25.13) price objective on shares of Ashtead Group in a research note on Wednesday, September 13th. Liberum Capital reiterated a buy rating and issued a GBX 2,030 ($27.32) price objective on shares of Ashtead Group in a research note on Thursday, October 19th. Peel Hunt reiterated a buy rating and issued a GBX 1,800 ($24.23) price objective on shares of Ashtead Group in a research note on Tuesday, September 12th. Finally, Jefferies Group reiterated a buy rating and issued a GBX 2,000 ($26.92) price objective on shares of Ashtead Group in a research note on Monday, September 4th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the company. The stock has an average rating of Buy and an average target price of GBX 1,988.07 ($26.76).

Shares of Ashtead Group (AHT) opened at GBX 1,944 ($26.16) on Thursday. Ashtead Group has a one year low of GBX 1,476 ($19.87) and a one year high of GBX 2,118 ($28.51). The firm has a market cap of $9,770.00 and a P/E ratio of 1,767.27.

Ashtead Group (LON:AHT) last posted its quarterly earnings results on Tuesday, December 12th. The company reported GBX 70.20 ($0.94) earnings per share for the quarter, beating analysts’ consensus estimates of GBX 69.10 ($0.93) by GBX 1.10 ($0.01). Ashtead Group had a net margin of 17.04% and a return on equity of 29.67%. The company had revenue of GBX 189.91 billion for the quarter.

The company also recently disclosed a dividend, which will be paid on Wednesday, February 7th. Shareholders of record on Thursday, January 18th will be issued a dividend of GBX 5.50 ($0.07) per share. This represents a yield of 0.29%. The ex-dividend date is Thursday, January 18th.

In related news, insider Suzanne Wood sold 145,000 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of GBX 2,056 ($27.67), for a total value of £2,981,200 ($4,012,382.23).

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Ashtead Group Company Profile

Ashtead Group plc is an equipment rental company. The Company rents a range of construction and industrial equipment across a range of applications to a diverse customer base. The Company’s segments include Sunbelt and A-Plant. The Company operates in the United States, the United Kingdom and Canada.

Analyst Recommendations for Ashtead Group (LON:AHT)

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